Oregon Public Employees Retirement Fund lowered its position in Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 1.5% during the 1st quarter, HoldingsChannel reports. The fund owned 49,165 shares of the company’s stock after selling 757 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Harley-Davidson were worth $1,937,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in HOG. Brown Advisory Inc. increased its stake in Harley-Davidson by 128.4% in the 4th quarter. Brown Advisory Inc. now owns 1,525,270 shares of the company’s stock worth $57,487,000 after buying an additional 857,340 shares during the period. JPMorgan Chase & Co. increased its stake in Harley-Davidson by 221.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,138,396 shares of the company’s stock worth $42,905,000 after buying an additional 784,439 shares during the period. Eaton Vance Management increased its stake in Harley-Davidson by 158.3% in the 4th quarter. Eaton Vance Management now owns 1,266,487 shares of the company’s stock worth $47,625,000 after buying an additional 776,225 shares during the period. Dimensional Fund Advisors LP increased its stake in Harley-Davidson by 11.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,003,170 shares of the company’s stock worth $113,188,000 after buying an additional 302,438 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Harley-Davidson by 157.7% in the 1st quarter. Pacer Advisors Inc. now owns 429,588 shares of the company’s stock worth $16,926,000 after buying an additional 262,892 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on HOG. DA Davidson began coverage on shares of Harley-Davidson in a research note on Thursday, June 30th. They issued a “neutral” rating and a $35.00 price target on the stock. Northcoast Research reissued a “neutral” rating on shares of Harley-Davidson in a research report on Tuesday, May 17th. Wolfe Research reissued a “buy” rating and set a $45.00 target price on shares of Harley-Davidson in a research report on Friday, May 20th. StockNews.com began coverage on shares of Harley-Davidson in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Robert W. Baird cut their target price on shares of Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, April 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.62.
NYSE:HOG opened at $32.43 on Friday. Harley-Davidson, Inc. has a fifty-two week low of $29.80 and a fifty-two week high of $46.18. The stock has a market capitalization of $4.78 billion, a P/E ratio of 8.17, a P/E/G ratio of 0.87 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.12 and a current ratio of 1.34. The company’s 50-day simple moving average is $34.09 and its 200-day simple moving average is $36.87.
Harley-Davidson (NYSE:HOG – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.07). Harley-Davidson had a net margin of 11.78% and a return on equity of 27.07%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business posted $1.68 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts forecast that Harley-Davidson, Inc. will post 4.16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Thursday, June 2nd were issued a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Wednesday, June 1st. Harley-Davidson’s dividend payout ratio is currently 15.87%.
About Harley-Davidson (Get Rating)
Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.
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